Nagesh Basavanhalli president and managing director Fiat India has quit the company as his term has come to an end. Fiat has been facing a lot of challenges after it parted ways with Tata Motors and decided to go solo in the country. The company is said to have been trying hard to re-establish itself in the crowded market in a bid to revive sales. There have been new launches this year more noticeably of the new Avventura as well as the Punto Evo along with the facelifted Linea.
This seems to be a crucial time for Fiat as Chrysler products are soon to be launched in the Indian market. The move came as a surprise as Nagesh was appointed in April last year. He was a part of ongoing efforts to strengthen the business position in India. Nagesh had been part of chrysler since 1994 and held numerous positions in engineering and product planning. He holds a bachelor of science in mechanical engineering from Bangalore University, a master of science from the University of Texas, and an MBA from the University of Chicago Business School where he was awarded the “Booth India Business Leader – 2009″.
Pablo Rosso, head of Fiat Chrysler South Korea, is said to take over interim as head of Fiat Chrysler India from January 2015.